Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 11.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,059 shares of the technology company’s stock after selling 275 shares during the period. Procyon Advisors LLC’s holdings in Tyler Technologies were worth $1,187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FWG Holdings LLC grew its position in shares of Tyler Technologies by 3.1% during the 3rd quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock valued at $551,000 after buying an additional 27 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Tyler Technologies by 2.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock valued at $804,000 after acquiring an additional 31 shares during the period. UMB Bank n.a. boosted its stake in Tyler Technologies by 2.4% in the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock valued at $790,000 after acquiring an additional 32 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Tyler Technologies by 1.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,746 shares of the technology company’s stock valued at $878,000 after purchasing an additional 33 shares during the last quarter. Finally, Empirical Finance LLC raised its position in shares of Tyler Technologies by 2.6% during the 3rd quarter. Empirical Finance LLC now owns 1,342 shares of the technology company’s stock worth $783,000 after purchasing an additional 34 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the sale, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,424,079.65. The trade was a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock valued at $26,096,928 over the last three months. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TYL shares. Barclays boosted their price objective on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC boosted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Oppenheimer lifted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, JMP Securities upped their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $643.77.

Tyler Technologies Trading Down 1.1 %

Tyler Technologies stock opened at $569.18 on Friday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The stock has a market capitalization of $24.36 billion, a PE ratio of 103.87, a price-to-earnings-growth ratio of 4.35 and a beta of 0.78. The firm has a 50 day simple moving average of $600.60 and a 200-day simple moving average of $583.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same period last year, the company posted $1.66 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.